119 Dewey Avenue, Pacific Grove, CA 93950

$1,100,000

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List Price
$1,100,000
Status
ACTIVE
MLS#
ML82056315
Year Built
1948
Lot Size
8,487
Acres
0.19
Days on Market
2
Property Type
Commercial

Property Description

119 Dewey Ave, Pacific Grove Corner Canvas, A Block and a Half From the Ocean A hard corner this close to the water rarely surfaces in Pacific Grove. At Dewey and Sloat approximately 8,487 square feet with dual street frontage this parcel sits a block and a half from the ocean, steps from Ocean View Boulevard, the Recreation Trail, Cannery Row and the Monterey Bay Aquarium. Walk Score: 89. The value here is in the dirt. A large, approximately 4,040 square foot Quonset hut structure circa 1948 offers various rooms, upper storage, and plenty of space to store and work on cars, operating today as an auto repair garage that generates holding income while a buyer pursues entitlements. Attention Car Week enthusiasts: instant storage for 12 or more vehicles, or create your own "car condo" garage that pays for itself while your architect draws. Consider it a placeholder: a corner lot awaiting a well-designed new project in one of the Peninsula's most protected coastal enclaves. Family-held since 1969. Bring your vision. Zoned C-2. No representation is made regarding permitted uses, density or variances; buyer to investigate with the City of Pacific Grove.

Additional Information

Taxes
$10,696
Cooling
Yes
Cooling Description
None
Roof
Metal, Other
Water
Public
Attached Structure
Detached
Gross Scheduled Income
$21,840

Listing courtesy of Listing Agent: William Smith (william@carmelluxurygroup.com) from Listing Office: Coldwell Banker Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.